Question
Can you please explain how to find the new bond value? A bond with a 9-year duration is worth $1,086, and its yield to maturity
Can you please explain how to find the new bond value?
A bond with a 9-year duration is worth $1,086, and its yield to maturity is 8.6%. If the yield to maturity falls to 8.38%, you would predict that the new value of the bond will be approximately ____.
$1,083.61
$1,086.00
$1,105.77
$1,088.39
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Calculus Early Transcendentals
Authors: James Stewart
8th edition
1285741552, 9781305482463 , 978-1285741550
